Client updates /  Contract

The latest amendment to the Contracts Law does not overturn Supreme Court rulings nor does it dramatically change contract interpretation. Rather, it anchors in legislation the trend in Supreme Court case law of differentiating between business contracts and other types of contracts, while increasing certainty and stability in the business world.

A new Israeli Supreme Court ruling redraws the boundaries for recognizing agreements and signals that informal agreements may also be legally binding.

Courts around the world are being asked to determine the legal standing of emojis and to include ideograms in contract doctrine when a consensus about their meanings has not yet been reached. 

The inter-ministerial team assembled to examine the consequences of the Covid-19 crisis on contractual agreements has recently published its recommendations.

In light of the rise of investments in transportation projects, new guidelines were issued for infrastructure companies operating on behalf of the Ministry of Transport, requesting such companies adopt binding standards on several issues regarding contracts and tenders.